Item 7.01 Regulation FD Disclosure
On
Background:
? As aU.S. domestic and domiciled company, UEC is now reporting all mineral resources in accordance with Item 1302 of Regulation S-K ("S-K 1300"); ? S-K 1300 was adopted by theSEC to modernize mineral property disclosure requirements for mining registrants and to alignU.S. disclosure requirements more closely for mineral properties with current industry and global regulatory standards; ? The mineral resource estimates set forth in this TRS have not previously been reported under the S-K 1300 format; and ? The Yuty project geology is considered amenable to low-cost, environmentally friendly In-Situ Recovery ("ISR") mining methods.
The TRS was prepared under S-K 1300 and was filed on
About the
The Project comprises 117,232 hectares in southeastern
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The Project area is located within the
The area was explored extensively by
Mineral Resources
This IA for the Project has been prepared in accordance with the regulations set forth in S-K 1300 with the objective of disclosing the mineral resources at the Project.
Based on the density of drilling, continuity of geology and mineralization, testing and data verification, the mineral resource estimates meet the criteria for indicated or inferred mineral resources as summarized herein.
Estimated mineral resources are summarized in the following table for Indicated and Inferred Mineral Resources, respectively, at a 0.02 %eU3O8 grade cutoff and a 0.1 ft% GT cutoff. Mineral Resources were estimated separately for each mineralized horizon. Mineral Resources are not mineral reserves and do not have demonstrated economic viability. However, considerations of reasonable prospects for eventual economic extraction were applied to the Mineral Resource calculations herein.
Measured and Indicated Mineral Resources
Weighted Weighted
Unit Tons Average Average Pounds U3O8
(millions) Thickness (ft) Grade (millions) (%U3O8) Massive Sand Unit 0.1 ft% GT 7.233 10.2 0.048 6.969 Fine-Grained and Wavy Sand Units 0.1 ft% GT 1.842 3.5 0.054 1.994 Total Indicated Mineral Resource 0.1 ft% GT 9.074 7.3 0.049 8.962 Notes:
1. SEC S-K 1300definitions were followed for all Mineral Resource categories. 2. Mineral Resources are estimated using a long-term uranium price of$65 per pound. 3. Numbers may not add up to the finalized amount due to rounding. - 3 -
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Inferred Mineral Resources
Weighted Weighted
Unit Tons Average Average Pounds U3O8
(millions) Thickness (ft) Grade (millions) (%U3O8) Massive Sand Unit 0.1 ft% GT 1.690 14.5 0.045 1.528 Fine-Grained and Wavy Sand Units 0.1 ft% GT 1.043 6.8 0.032 0.675 Total Inferred Mineral Resource 0.1 ft% GT 2.733 10.1 0.040 2.203 Notes:
1. SEC S-K 1300 definitions were followed for all Mineral Resource categories. 2. Mineral Resources are estimated using a long-term uranium price of$65 per pound. 3. Numbers may not add up to the finalized amount due to rounding.
The technical information in the news release has been reviewed by each of
Douglas L. Beahm, P.E., P.G., Principal Engineer of BRS Engineering, by
A copy of the news release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Business Acquired
Not applicable.
(b) Pro forma Financial Information
Not applicable. (c) Shell Company Transaction Not applicable. (d) Exhibits Exhibit Description 99.1 News Release datedJuly 20, 2022 . 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
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